Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Gap Down – Should You Sell?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $11.52, but opened at $11.08. Telecom Argentina Stet – France Telecom shares last traded at $11.1650, with a volume of 1,169 shares traded.

Wall Street Analysts Forecast Growth

TEO has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, UBS Group set a $17.00 price objective on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.93.

Telecom Argentina Stet – France Telecom Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $11.96 and a 200 day moving average of $9.81. The firm has a market capitalization of $4.79 billion, a P/E ratio of -31.76 and a beta of 1.22.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings results on Monday, November 10th. The utilities provider reported ($0.36) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.13. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Telecom Argentina Stet – France Telecom had a negative net margin of 2.55% and a negative return on equity of 2.64%. On average, sell-side analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 1.28 earnings per share for the current fiscal year.

Telecom Argentina Stet – France Telecom Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, November 24th were issued a dividend of $0.0452 per share. The ex-dividend date was Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio (DPR) is -14.29%.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RWC Asset Management LLP lifted its stake in shares of Telecom Argentina Stet – France Telecom by 0.4% during the 3rd quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock valued at $4,870,000 after buying an additional 2,383 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the third quarter worth $2,725,000. UBS Group AG lifted its position in shares of Telecom Argentina Stet – France Telecom by 18.6% during the third quarter. UBS Group AG now owns 233,626 shares of the utilities provider’s stock worth $1,698,000 after acquiring an additional 36,642 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Telecom Argentina Stet – France Telecom by 317.8% in the third quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after acquiring an additional 155,299 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Telecom Argentina Stet – France Telecom by 34.2% in the second quarter. BNP Paribas Financial Markets now owns 149,672 shares of the utilities provider’s stock valued at $1,322,000 after purchasing an additional 38,107 shares in the last quarter.

About Telecom Argentina Stet – France Telecom

Telecom Argentina Stet – France Telecom (NYSE:TEO) is an integrated telecommunications provider based in Buenos Aires, Argentina. Originally formed through the 1990 privatization of the state-owned Empresa Nacional de Telecomunicaciones (ENTel), the company was initially backed by Italian state carrier STET and French operator France Télécom. Since its listing on the New York Stock Exchange under the ticker TEO, Telecom Argentina has evolved into one of the country’s principal communications groups, offering a comprehensive portfolio of voice and data services.

The company’s core business activities span fixed-line telephony, mobile services, broadband internet and digital television.